Overview
What is Louis Sandman Senior Housing Inc?
Louis Sandman Senior Housing Inc is a nonprofit organization situated in Shawnee, Oklahoma. Their primary focus is to provide housing solutions for low-income elderly individuals, operating 17 units that are subsidized by the HUD. This housing complex serves as a vital resource, offering a secure living environment for the elderly population in the area. The nonprofit, with a team of one dedicated individual, is committed to enhancing the living conditions and making housing more accessible for this specific demographic.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, Score: 65%)
Louis Sandman Senior Housing Inc has received a two-star rating from Charity Navigator, indicating that the organization requires improvement in certain areas. While its accountability and finance score is a perfect 100%, showcasing strong governance practices such as a fully independent board and thorough conflict of interest policies, the high liabilities to assets ratio raises concerns about the organization’s financial health.
The organization excels in program efficiency, with a program expense ratio of 95.31%, suggesting that a significant majority of its resources are directed toward its programs rather than administrative costs. However, the liabilities to assets ratio of 172.90% indicates potential financial instability, which could adversely affect its ability to sustain operations in the long term.
In summary, while Louis Sandman Senior Housing Inc demonstrates commendable governance and effective program spending, its financial challenges warrant attention. Stakeholders should consider these factors when evaluating the organization’s overall effectiveness and long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Louis Sandman Senior Housing Inc legitimate?
Louis Sandman Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louis Sandman Senior Housing Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,016
For more financial information, click here
What is the mission statement of Louis Sandman Senior Housing Inc?
Louis Sandman Senior Housing Inc is committed to providing housing solutions for low-income elderly individuals. Through their operations, they manage 17 units of HUD-subsidized apartments, offering a living space for this specific population. Their mission is centered around ensuring accessibility to housing for this vulnerable group, aiming to enhance their quality of life. The organization operates an apartment complex, providing a secured and affordable living environment for the elderly.
What is the revenue of Louis Sandman Senior Housing Inc?
Louis Sandman Senior Housing Inc's revenue in 2023 was $81,844.
Who are the executives of Louis Sandman Senior Housing Inc and what are their salaries?
The average compensation at Louis Sandman Senior Housing Inc during 2023 was $16,016. There is 1 employee and 4 volunteers at Louis Sandman Senior Housing Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Louis Sandman Senior Housing Inc?
Louis Sandman Senior Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Louis Sandman Senior Housing Inc
Louis Sandman Senior Housing Inc, as its mission states, is dedicated to providing housing solutions for low-income elderly individuals. Specifically, the organization operates 17 units of housing that are subsidized by the HUD (Department of Housing and Urban Development). This housing is designed to offer a safe and comfortable living environment for this vulnerable population. By operating these HUD subsidized apartment complex units, Louis Sandman Senior Housing Inc is contributing to the well-being of elderly individuals who may otherwise struggle with affordable housing options. The organization's mission is a crucial step in ensuring that elderly individuals can age with dignity and security.
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Impact
October, 2024
Louis Sandman Senior Housing Inc plays a significant role in the community by providing 17 units of HUD-subsidized housing for low-income elderly individuals in Shawnee, Oklahoma. By offering affordable housing options, the organization helps to alleviate the financial burden faced by seniors who may otherwise struggle to secure safe and stable living conditions. This initiative not only enhances the quality of life for residents but also fosters a sense of community among seniors.
The operation of these housing units contributes positively to the local environment by reducing homelessness and improving the overall well-being of the elderly population. Furthermore, by addressing housing instability, Louis Sandman Senior Housing Inc indirectly mitigates related issues such as crime, as stable living situations often correlate with lower crime rates in the area. Thus, the organization's impact extends beyond housing to encompass broader social benefits, promoting safety, health, and community cohesion among Shawnee's senior residents.
This information is meant to be a general summary of Louis Sandman Senior Housing Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $588
- Program Service Revenue: $49,486
- Gross Receipts: $81,844
Assets and Liabilities:
- Total Assets: $701,091
- Total Liabilities: $1,212,219
- Net Assets: -$511,128
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rent
Revenue
$47,533
Laundry and Vending
Revenue
$5
Mineral Rights
Revenue
$1,948
Organization Details
Founding Year
2007
Principal Officer
Allen Leaird
NTEE Category
Code: I20 - Crime
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